What's up, my people! 🔥 Have you noticed the stir that BONK is causing? That little dog is unleashed, and no wonder! In just 24 hours, it shot up by ¡8.6%! And the truth is there's some juicy gossip behind all this.

Imagine that the green bill is coming into BONK from various directions. First, there’s talk of a possible ETF, yes, an Exchange-Traded Fund! It turns out that some folks from Tuttle Capital floated the idea of a 2x leveraged BONK ETF. That's like throwing gasoline on the rocket, man! ⛽️🚀 If that gets approved, things get serious. This comes hot on the heels of the first Solana ETF (the blockchain where BONK lives) launching on July 2, which gave a boost to everything that smells like SOL! The trading volume of BONK surged by 30.7%, reaching 656 million dollars, which means that people, the public!, are getting involved big time.

But that's not all. There's also a supply shock in the air. Remember that goal of 1 million holders? Well, we're close! And when that number is reached, it's expected that ¡1 trillion tokens will be burned! 🔥 That's a lot, my people, and when tokens are burned, the supply decreases, and what happens? The price tends to go up! The BONK Foundation has already gotten to work and announced that 35% of the fees from their platform Bonk.fun (which already holds 25% of the memecoin market on Solana, no small feat!) will be used to buy back and burn tokens. Pure strategy to maintain value!

And to top it off, BONK made a technical move that experts call a “downward wedge breakout.” It's like when the price was plummeting and suddenly, boom!, it breaks that trend and heads upwards. It has already recovered a key Fibonacci level and is eyeing the resistance at $0.000024. The numbers don’t lie: the RSI is at 65.8 (which means it's strong but not overheating) and the MACD is in bullish mode. Pure signal that the little dog has some energy left!

It's no surprise that the Solana ecosystem is in full swing. Solana’s decentralized exchanges (DEX) saw a 242% increase in June, and that benefits BONK a lot! It's like when a neighborhood thrives, all the businesses benefit, you know?

Now, not everything is rosy, my people. Some are on high alert. Although on X (Twitter) people are going crazy with the prices they want to see (some even say $0.000035 soon!), in Telegram and Discord groups there is more caution. Even though BONK has risen, it has also had its drops (¡68.7% from its all-time high!). That's the risk of memecoins, they rise like foam and sometimes drop like a coconut.

So, the question that remains is: Will this BONK rally, with the ETF speculation, token burning, and bullish technical signals, break its all-time high? Or will the market volatility and what Bitcoin does take its toll? We need to be alert, folks! This is just beginning, and the crypto saga always has new chapters.